Boise Real Estate Blog

Boise Real Estate: Our Spring Market Is Here

March 21, 2019

The Boise Real Estate Market Emerges From Hibernation!

Actually, our market didn’t go into hibernation this year!

February’s Boise (Ada County) real estate activity included:

1,333 active listings.
1,357 pending sales
681 closed sales
+7.3% average sales price increase vs. February 2018.
+11.2% median sales price increase vs. February 2018.

About Phil Hoover

How I Work With Sellers!

As of this morning, we have only 1,348 single-family homes for sale in all of Ada County.

Over the past 12 months, we’ve closed an average of 965 sales per month.

That works out to 1.4 months’ supply of listing inventory at this time as we enter our busy Spring Boise real estate market.

Due to our low listing inventory, we can expect to have a strong seller’s market during the next 90 days.

Thinking of selling?

NOW is the time to list your home!

It costs nothing to learn what your home is worth!

So, give me a call at (208)938-5533 or e-mail me and let’s talk!

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

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Eagle Idaho Homes For Sale: New & Resale Listings

March 18, 2019

Here’s a breakdown of all Eagle Idaho homes for sale!

As of this morning, we have 230 available Eagle Idaho homes for sale.
The average asking price for these homes is $689,236.
The median asking price for these homes is $588,000.

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Eagle Idaho Resale Homes For Sale

100 (43.5%) of all Eagle Idaho MLS listings are resale homes.
Asking prices for those listings range from $238,900 to $3,595,000.

Eagle Idaho New Homes For Sale

130 of our 230 Eagle Idaho MLS listings are new homes.
Asking prices for all Eagle Idaho new home listings range from $297,990 to $1,500,000.

Completed Homes

44 of those 130 listings are completed, new (spec) homes.
Asking prices for these listings range from $297,990 to $1,099,987.

Homes Under Construction

We also have another 73 new homes under construction in Eagle.
Asking prices for these listings range from $312,990 to $939,945.

To Be Built Homes

Finally, we have 13 “To Be Built” listings in Eagle.
Those are homes listed by builders trying to pre-sell them before starting construction.
Because those homes do not yet exist, and may never be built, we consider them to be “phantom listing inventory”.

Call me at (208)938-5533 for experienced, skilled buyer representation!

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During 2018, we closed 1,262 Eagle Idaho home sales.

539 (42.7%) of those closed sales were new homes.

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Looking for your ideal Eagle Idaho home?

I live in Eagle and know the market inside out!

The easy way to find your Eagle Idaho dream home is to let me do the research for you.

My extensive broker-level MLS search tools allow me to see data that you can’t see.

Give me a call at (208)938-5533 or e-mail me and let’s talk!

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Why We Have Two Markets For Meridian Idaho Homes

March 14, 2019

We Have Two Markets For Meridian Idaho Homes!

You may not realize it,, but we actually have two distinct markets for Meridian Idaho homes.

Resale Homes

As of this morning, we have only 147 resale listings for Meridian Idaho homes.

Those listings are spread over four Meridian MLS areas.

MLS Area 1000 (SE Meridian) has resale 26 listings.
MLS Area 1010 (SW Meridian) has 16 resale listings.
MLS Area 1020 (NE Meridian) has 30 resale listings.
MLS Area 1030 (NW Meridian) has 75 resale listings.

Asking prices for those 147 listings range from $65,000 to $2,483,000.

View All Meridian Idaho Homes For Sale

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New Homes

We currently have 137 completed Meridian Idaho new homes listed for sale in MLS.

Those listings are spread over four Meridian MLS areas.

MLS Area 1000 (SE Meridian) has 23 new home listings.
MLS Area 1010 (SW Meridian) has 13 new home listings.
MLS Area 1020 (NE Meridian) has 6 new home listings.
MLS Area 1030 (NW Meridian) has 95 new home listings.

Asking prices range from $255,990 to $1,547,000.

We also have another 151 new homes under construction in Meridian.

Finally, we have 19 “To Be Built” homes listed by builders hoping to snag a buyer before they begin to build those homes. We call those listings “phantom inventory” because most of those homes will never be built.

Due to our severe lack of resale listing inventory, new home sales now comprise 45.9% of all Meridian home sales recently.

Looking for that perfect Meridian Idaho home?

I can help you narrow your home search with my extensive broker-level MLS search capabilities.

I have access to data that isn’t displayed to the public.

That broker-level data can help me find your ideal Meridian Idaho home the easy way!

Give me a call at (208)938-5533 or e-mail me and let’s talk!

What Does BTVA Mean In Boise MLS Listings?

March 11, 2019

You’ve probably seen the term “BTVA” included in various Boise MLS listings!

If you see a Boise MLS listing for a property like the one above, don’t be surprised if you see the term “BTVA” in the listing!

Although it almost sounds like a dirty word, it isn’t.

“BTVA” is Realtor^® shorthand for “Buyer To Verify All”.

Placing “BTVA” in a listing is a thinly-veiled attempt by a listing agent to redirect responsibility for verifying all of the details of the property to the buyer.

It’s nothing less than a feeble attempt by the listing agent to avoid legal liability.

Most buyers who see that acronym don’t even know what “BTVA” means.

They also lack the knowledge and experience needed to verify all the details of a property.

That’s why you should hire your own buyer’s agent to represent you!

Call me at (208)938-5533 for experienced, skilled buyer representation!

A competent buyer’s agent will be able to research and confirm property details for you.

Your buyer’s agent will then become responsible for verifying the details of a property for you.

It’s important to understand that both sellers and listing agents are legally required to disclose all known material facts to buyers.

Non-disclosure of a known material fact can become a problem for both a seller and their agent.

I wouldn’t want to be a listing agent standing before a judge, explaining that I wasn’t responsible for inaccurate listing information because I inserted “BTVA” in my listing.

P.S. If you’re still wondering, I never use the term “BTVA” in my listings!

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